C-1 Zoned Commercial
For Sale
$600,000
606 W Huron St, Pontiac, MI 48341
Approximately 4,800 sq ft commercial building with gated parking lot and direct access to Waterford and M-59 east.
Property Size4,782 SF
Price / SF$125
Days on Market69
Property Features for 606 W Huron St
General Information
Standard status
Active
Size
4,782 SF
Property subtype
Commercial
Zoning
c-1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,401
Building Details
Building Size
4,782 SF
Year Built
1940
Listing Agency:
Brookstone, Realtors LLC
(248) 249-4999
Listed By:
James J Toma · License #6502406438
(248) 249-4999
Source:
Elliman
Added: Jun 16
Changed: Aug 14
Last Checked: Aug 22 at 12:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brookstone, Realtors LLC
Investment Insights
Based on property information with market context.
Located at 606 W Huron St in Pontiac, this commercial building is zoned C-1 and offered for sale (also available for lease per the listing). The property is roughly 4,800 sq. ft. and includes a private gated parking lot attached to the west and behind the building. The listing also notes a substantial power supply.
The remarks describe direct access to Waterford and M-59 east. The listing presents the building as a redevelopment opportunity and specifically references possible future uses such as restaurant, office, medical, retail, entertainment, social lounge, and logistics/shipping, subject to approvals.
The listing also states that 606 W Huron can be sold together as a package deal with 600 W Huron.
The remarks describe direct access to Waterford and M-59 east. The listing presents the building as a redevelopment opportunity and specifically references possible future uses such as restaurant, office, medical, retail, entertainment, social lounge, and logistics/shipping, subject to approvals.
The listing also states that 606 W Huron can be sold together as a package deal with 600 W Huron.
Key Highlights
- Approximately 4,800 sq ft commercial building zoned C‑1
- Private gated parking lot attached just west and behind the building
- Direct access to Waterford and M‑59 East
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,645
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$992,900
$992.9K
Cap Rate 7%
$709,214
$709.2K
Cap Rate 9%
$551,611
$551.6K
Market Conditions
NOI Build-Up for 4,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.4K $18.00/SF
− Vacancy
−$10.0K −$2.09/SF
EGI
$76.4K $15.91/SF
− OpEx
−$26.7K −$5.57/SF
NOI
$49.6K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$992,900
Cap Rate 7%
$709,214
Cap Rate 9%
$551,611
Alternative Uses
Best Use
Flex RnD
$709.2K
$620.6K – $827.4K
NOI $49,645 @ 7.0% cap · market cap 8.27%
Second Best
Industrial
$339.7K
$297.3K – $396.4K
NOI $23,782 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$1.04M
$905.9K – $1.21M
NOI $72,472 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48341, MI
16,980
Population
8,601
Households
2
Avg Household Size
38
Median Age
24%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
2,534
Density / Sq Mi
$46,185
Median Household Income
$34,200
Median Earnings
$917
Median Rent
$124,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- S & S Catering — 700 W Huron St, Pontiac, MI 48341
- Riley's Catering — 110 Oneida St, Pontiac, MI 48341
- Unique Food Management — 248 S Telegraph Rd, Pontiac, MI 48341
- Riley's Catering — 262 S Telegraph Rd, Pontiac, MI 48341
Frequently Asked Questions
What type of property is this?
Flex space - Approximately 4,800 sq ft commercial building with gated parking lot and direct access to Waterford and M-59 east.
Where is this flex space located?
The property is located at 606 W Huron St Pontiac, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Approximately 4,800 sq ft commercial building zoned C‑1; Private gated parking lot attached just west and behind the building; Direct access to Waterford and M‑59 East
